New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-08-01

The EXCHANGES at the Vow York Clearing House sd
the stocks sold At ns SswYok So. Exchange Tor tle
Week ending s; s Jsy sS sse Iag 30 Ss oi
No ssaras sold. is9!66s i0is.sSi iGii,007
The local money market ruled easy all the week \;
3 per cent. Exceptionally on Friday there were somo
day was per cent THIS exception is entirely due to
stock Exchange rule masking all loan. male on Friday
ket considerable Of bankers unds which they dare
oa over business day AZ all points except chi
favorable to New-York The foreign exchanges ruled
dull all the week through and rather steady u tone oL
than earlier in the week Cotton declined y
cured on Friday and saturday, it could not
have had any effect upon The weeks exports,
which for the first time in nearly three months
abont the same as IN tic OF 1ss6 At about the
present figure little lower tho probabilities are that
and oversupply the Exchange market with bills 80 that
tho gold imports will approximate In amount those OF INC
autumn OF last year II expected that large part OF
he II 600 Missouri Pacific bond, sold last week to
q syndicate will fnd final lndgment IN Europe.
Wheat has ruled heavy, ami the exports from The
Atlantic ports Will dnclGdng Hour aggregate about
600 900 bushels. The iron markets present tho same
iIceahle during the whole Of tins year There boom
nor speculation and products pass directly from makers
10 consumers The largest makers although W. II SOLD up
on this years capacity stennously opposed 10 any
further advance which II made would encourage imnor
tatOns and greater outputs by home producers
At stock Exchange last week there was grealer
activity OF its kind than IN the preceding week Tho
sales OF stocks e. listed - amounted to 6il007 against
CTS 800 shares In the preceding week y some secret
me
an Indefinite idea that disaster was impending
secom has there been exhibited less disposition 10 pu
chase securities. cltuer for speculation or ihVesmeh
The depression OF spirits among average nnaneiii u ~
ers was equaled only by the snerings caused by the
Ing the work OF depression In values that the stock ex-
changes IN accord with the general prosperity
of the country. and all with one accord agreed
that things could not be they seemed or The conditions
OF stock market would not lie what they are sonc
one knows more than and we Will await develop
ments" IL without saying that whonyou nave sue
ces fully frightened all buyers away from market
atyftl hin saFfa
That was last weeks stock market More circulars an
writings abon Treasury ana copIed
and quoted nhc facts briefly told at the head OF tbs
ruth and logic clear from their boots The principal
interests of tho weeks market however, were reservea
hut saggng markets with fluctuations that neither
frightened the bulls" particularly encouraged the
average bears" The latter from a corporas guard
tile more month ago. has grown 10 he fun reg
iment Friday, however. the serious work was begun
,,ro ho,IrsI the work was continued till the panic
prices June "a looked hatterng beside yesterdays
SUPPLEMENTARY to usual weekly range" we print
the highest and lowest figures OF last December anu OF
last June for some leading stocks 1t Will be re-
membered that the December panic occurred on tno
18TH that for It's alleged cause IL had me via secu
laon In Philadelphia and Reading and In itchmona s
when both Of these stocks sold at 80 Reading IN pe n
cember was selling without any assessment paul. III
June with 5 per cent paid aud with 10 per cent
paid Ii ' %s the the a Fl
Money Withdrawn from tho market and inc u ~,
rose ~ 100 per cent per annu although os
il he the bank surplus not reduced 70
So 900 The recovery In prices after juno "a was
sharp II evident that the not In ac
cord with plans Of the operators who had prepared
the juno "a " fast" DulBess followed and then the
sappers and miners were set TO work WIN
nctions OF tight money and all the cone
eral stories, which too familiar 70 inc
public To need repetition, to undermine confidence IN
yalues How well the work has been done IL known 10
every reader and is e1empned by last weeks market:
Yet some purchased all the long and short stock
sold at the declining figures and weak spot" have
been developed The decline has brought To marIct
stocks from holders who disgusted with market
which could be 80 moved against natural influences
In many respects the markets OF the last two monns
in their actions unlike those Of March and May
1880 Then however, there had been great boom IN
prices of general merchandise, when Also Also
suffered sharp declines. Now We nave
had collapsed In coffee and wheat
and ,saaston from a speculation in cotton but
tbere hs cn no boom In iron. coal or dry goods In
1850 the prices in March, the lowest in May
were as foIowsi Canada Southern. 90 ]-4oSsh; Cen
Is - 60 ssis; Northwsstsru. ,s7.s7lssSti Dsla-
ware Lackawanna and Western, 941s6si9
all, Illinois Central, 1l01o0k-107s;
lake shore. iiiise7-1o0l Lcn:yils and N..hyils;
l6l-1lb-i2s; Michigan Central 057696ei Central ana
Hudson, l37-l22l23%; Eric, <7aSSok-<3<; Northsrn